1992 (7) TMI 327

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ty of Rs. 56. He arrived at such a conclusion on three grounds: (1) the gross profit works out to 5.3 per cent only as against 10 per cent as per the survey report, (2) the outturn under various categories is very low as compared with the survey report and (3) discrepancies noticed during inspection in the stock in respect of black gram dhall and dust to the extent of 2½ bags and 10 bags respectively. On appeal, the Appellate Assistant Commissioner took note of the fact that during the inspection on August 11, 1977 there was no irregularity in the stock whereas on the subsequent inspection on August 20, 1977 the difference in stock was noticed and a difference having been established it called for an estimation. But regarding quantu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....correct day-to-day transaction leading to the suppression of actual turnover. Apart from this reasoning, we do not find any material in the order passed by the revisional authority. 2.. Mr. Chandran, learned counsel for the assessee contends that the well-considered order of the appellate authority was revised by the Joint Commissioner exercising his power under section 34 of the Act in a casual manner and in a light hearted fashion without any basis. According to the learned counsel the alleged excess stock in dhall and dust related to the commodities of production and that has been considered by the Appellate Assistant Commissioner. 3.. Per contra, learned Additional Government Pleader tried in vain to defend the orders of the revisiona....